EnerSys (NYSE:ENS) issued an update on its second quarter 2020 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.20-1.24 for the period, compared to the Thomson Reuters consensus estimate of $1.40. EnerSys also updated its Q2 guidance to $1.20-1.24 EPS.
EnerSys stock traded down $0.20 during trading hours on Friday, reaching $57.87. The stock had a trading volume of 384,563 shares, compared to its average volume of 288,461. The stock has a market cap of $2.78 billion, a PE ratio of 11.74, a PEG ratio of 1.12 and a beta of 1.52. EnerSys has a 52 week low of $55.51 and a 52 week high of $89.83. The company has a current ratio of 2.51, a quick ratio of 1.68 and a debt-to-equity ratio of 0.76. The company’s fifty day simple moving average is $65.95.
EnerSys (NYSE:ENS) last announced its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.02). The firm had revenue of $780.20 million during the quarter, compared to the consensus estimate of $819.86 million. EnerSys had a return on equity of 17.22% and a net margin of 5.58%. EnerSys’s revenue was up 16.3% on a year-over-year basis. During the same period last year, the business earned $1.17 EPS. Research analysts predict that EnerSys will post 5.8 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a $0.175 dividend. The ex-dividend date is Thursday, September 12th. This represents a $0.70 annualized dividend and a yield of 1.21%. EnerSys’s dividend payout ratio (DPR) is currently 14.20%.
Several equities analysts recently weighed in on ENS shares. ValuEngine downgraded EnerSys from a hold rating to a sell rating in a research report on Wednesday, May 8th. Sidoti set a $101.00 target price on EnerSys and gave the company a buy rating in a research note on Friday, May 17th. TheStreet downgraded EnerSys from a b- rating to a c+ rating in a research note on Thursday, May 30th. Finally, Oppenheimer dropped their price objective on EnerSys from $94.00 to $87.00 and set an outperform rating on the stock in a research note on Friday, May 31st. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $90.95.
EnerSys Company Profile
EnerSys manufactures, markets, and distributes industrial batteries. The company offers battery chargers, power equipment, battery accessories, and outdoor cabinet enclosures, as well as related after-market and customer-support services for industrial batteries. It also provides reserve power products that are used for backup power for the continuous operation of critical applications in telecommunications systems, uninterruptible power systems applications for computer and computer-controlled systems, and other specialty power applications, including medical and security systems, premium starting, lighting, and ignition applications, as well as in switchgear, electrical control systems used in electric utilities, large-scale energy storage, energy pipelines, commercial aircraft, satellites, military aircraft, submarines, ships, and tactical vehicles.
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